Global Asafoetida Market 2019-2023

Global Asafoetida Market 2019-2023

About Asafoetida

Asafoetida is a plant native to Iran and Afghanistan and is typically used for food flavouring and as a medicinal herb.

Technavio’s analysts forecast the Global Asafoetida Market to grow at a CAGR of 5.82% during the period 2019-2023.

Covered in this report

The report covers the present scenario and the growth prospects of the global asafoetida market. To calculate the market size, the report considers the revenue generated from the consumption and sales of asafoetida.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, global asafoetida market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DS Group
  • Everest Masala
  • Laljee Godhoo
  • Ramdev
  • Vandevi
Market driver
  • High consumption in India
  • For a full, detailed list, view our report
Market challenge
  • Pungent odor and bitter taste of asafoetida
  • For a full, detailed list, view our report
Market trend
  • Modern herbal practices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global spices and seasonings market
      • Table Segment of global spices and seasonings market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Milky white asafoetida - Market size and forecast 2018- 2023
      • Table Milky white asafoetida - Market size and forecast 2018-2023 ($ millions)
      • Table Milky white asafoetida - Year-over-year growth 2019-2023 (%)
    • Red asafoetida - Market size and forecast 2018-2023
      • Table Red asafoetida - Market size and forecast 2018-2023 ($ millions)
      • Table Red asafoetida - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DS Group
      • Table DS Group - Vendor overview
      • Table DS Group - Product segments
      • Table DS Group - Key offerings
    • Everest Masala
      • Table Everest Masala - Vendor overview
      • Table Everest Masala - Product segments
      • Table Everest Masala - Key offerings
    • Laljee Godhoo
      • Table Laljee Godhoo - Vendor overview
      • Table Laljee Godhoo - Product segments
      • Table Laljee Godhoo - Key offerings
    • Ramdev
      • Table Ramdev - Vendor overview
      • Table Ramdev - Product segments
      • Table Ramdev - Key offerings
    • Vandevi
      • Table Vandevi - Vendor overview
      • Table Vandevi - Product segments
      • Table Vandevi - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
      • Table List of abbreviations
  • Explore Technavio

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